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SSE Composite Index (Weekly Chart)

SHANGHAI COMPOSITE: As we mentioned in our last weekly report Shanghai Composite has rose 0.50% from previous weekly close and it ended positively at 3413.  

As per the daily chart we are seeing double top formation near 3400/3450 levels though week on week Index given positive close but on daily charts we are seeing 3450/3500 will be act as an strong resistance level for coming week.

The current rally from the level of 3000 supposed to be fizzled out between 3500/3600.

(Oct 24, 2015)

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